Jefferies Financial Group Inc. Buys Shares of 106,153 Chipotle Mexican Grill, Inc. $CMG

Jefferies Financial Group Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 106,153 shares of the restaurant operator's stock, valued at approximately $3,609,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $25,000. MV Capital Management Inc. purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $26,000. Osbon Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Chipotle Mexican Grill during the second quarter valued at approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth approximately $28,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG opened at $38.08 on Friday. The stock has a market capitalization of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.37 and a beta of 0.94. The company has a fifty day moving average of $34.33 and a 200 day moving average of $33.94. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $42.81.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of Chipotle Mexican Grill stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the sale, the insider directly owned 21,415 shares of the company's stock, valued at approximately $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. Mizuho raised their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, July 13th. TD Cowen reissued a "buy" rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Weiss Ratings upgraded Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. Argus upped their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Citigroup cut their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $43.84.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source